Which of the following statements about management by exception is incorrect?
A) Managers concentrate on results that are outside the accepted parameters.
B) There is no need to investigate variances that are less than 20% of the budgeted amount.
C) Exceptions can be expressed as a percentage of a budgeted amount or a dollar amount.
D) Many companies use a combination of percentages and dollar amounts.
B) There is no need to investigate variances that are less than 20% of the budgeted amount.
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On January 1, Jewel Company buys $177,000 of Marcelo Corp. 8%, 36-month notes. Interest is paid on the last day of each month. The notes are classified as available-for-sale securities. This is the company's first and only investment in available-for-sale securities. On December 31, the notes have a fair value of $180,800. The journal entry to record the receipt of the monthly interest on January 31 is:
A. Debit Cash $1180; credit Debt Investments-AFS $1180. B. Debit Cash $1180; credit Interest Revenue $1180. C. Debit Cash $1180; credit Fair Value Adjustment-AFS (ST) $1180. D. Debit Cash $14,160; credit Debt Investments-AFS $14,160. E. Debit Cash $1180; credit Fair Value Adjustment-AFS (LT) $1180.
________ relate(s) to whether trainees are using training content back on the job.
A. Cognitive outcomes B. Learning C. Behavior and skill-based outcomes D. Reactions
A direct sale to customers in a foreign country is a(n): A) foreign distributorship
B) agency arrangement. C) licensed sale. D) export sale.
A construction lender had an obligation to loan $250,000 to a builder/mortgagor. The mortgage was recorded upon execution of the note. The funds were to be dispersed to the mortgagor as follows: 20 percent when the foundation was set, 20 percent when
the building was roofed in, 20 percent when the interior plaster was set, 20 percent when the certificate of occupancy was issued, and 20 percent 30 days later. Will the lender have priority at the time of recording or at the time and amount of each advance?